Daily Archives: December 15, 2017

94% Off: Get the Ultimate Crowdfunding Bundle for Only $25

A few years ago, people were required to come up with a huge sum of money in order to turn their product idea into reality. Without money to fund their project, they wouldn’t be able to create a unique product to sell to the public. Today, however, business owners and inventors can present their idea […]

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The Impact of Artificial Intelligence on Law Firms

artificial intelligence

 

Artificial intelligence. Once the stuff of science fiction (who remembers Captain Kirk’s concern that he might be replaced by the advanced M5 supercomputer?), artificial intelligence (AI) is today very much a part of our reality. And while it’s easy to pick up where Captain Kirk left off and worry that the explosion of AI will take all the work and leave the current labor force with nothing to do, a report from MIT predicts that AI will actually create as many jobs as it eliminates. That goes for the legal world, too.

According to Marek Bardonski, Managing Partner & Head of AI at Sigmoidal, “AI is here to help lawyers and researchers by taking over the mundane and tedious tasks, leaving more time for business-critical procedures.” The removal of the drudgery that pervades law should be cause for celebration. Think of the inordinate number of hours law practitioners spend – and complain about!  – each month on time-intensive processes such as contract review, contract due diligence, legal research, billing, and more. Then consider what leveraging AI might open up for all of us.

Here’s a closer look at how AI is transforming the legal profession:

Contract Review
Fast, accurate, and easy contract reviews? That sounds too good to be true. Well, not anymore. AI is already working to make the manual review of contracts page by endless page a distant memory.

After working through yet another night, it finally occurred to Konrad Pola that there had to be a better way of doing this “essential, yet grueling, and time-consuming, work.” A corporate lawyer, whose experience spans securities law, corporate finance, and M&A, Pola turned his attention towards solving this problem and created Diligen Software.

Diligen’s AI technology cuts contract review time in half by streamlining the end-to-end process of sorting documents, summarizing contracts, and spotting critical provisions. A study of Diligen customers over a 12-month period revealed that the platform increases the accuracy of contract analysis by 80% compared to a lawyer manually reviewing contracts alone. And, to boot, this contract assistant doesn’t ask for vacation.

Legal Research
The practice of law inherently requires a lot of research. Basic issues research is a staple of first year associates; attorneys starting out spend their formative years learning how to conduct precise, accurate research that wins cases and positions them as experts in their field.

Finding details relevant to new cases can take days even weeks when using standard keyword search. ROSS is an example of an AI tool that augments keyword search with machine learning to both speed up the research process and improve the relevance of items found. ROSS has been widely touted for improving work processes, reducing costs, and perhaps most importantly, generating better results for clients. Ellen Gregg, Vice Chair, Womble Bond Dickinson praises ROSS for enabling lawyers “to analyze legal issues and make connections that would otherwise be invisible.” Now, that’s very smart.

Better Efficiency and Productivity
Although some in the legal community fear AI is a replacement for people’s jobs, Chris Perram is CEO of FileFacets, emphasizes that “it cannot replace the years of legal experience and real-world interactions, judgment, and knowledge of lawyers and those in the law community.” Instead, there is a complementary relationship developing that offers significant upside. “Combining human knowledge and skills with AI technology and tools can, and is proving to be, very successful in enhancing a firm’s scope of services and ultimately revenue, making processes more efficient and helping lawyers and staff get things done faster, cheaper, better—for themselves and their clients,” he says.

Kristin Johnson is an executive and corporate communications professional, and founder of KSJ Communications, a communications and public relations firm. She consults with a diverse roster of clients spanning the technology, professional services, financial services, public sector, consumer, and healthcare industries. In addition to Rocket Matter, Johnson writes for various other publications as well.

 

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13 Shoulder Duster Earrings That Take Any Look to the Next Level

shoulder duster earrings, Alberta Ferretti Fall 2017

Alberta Ferretti Fall 2017; Image Imaxtree

Dangling earrings have been the statement bauble of choice for a while now. Blame it on the advent of off-the-shoulder mania. Along with those skin-baring tops and dresses came the need to fill the space between — and what better way than with a pair of swingy jewels? From tassels to ball drops, the statement earring was the sleeper hit of Spring/Summer 2017 and with the holiday season here, the ultra long shoulder duster is here to party.

shoulder duster earrings Isabel Marant Fall 2017

Isabel Marant Fall 2017; Image: Imaxtree

The fall runways were full of ornate, lengthy earrings that were glam and shoulder-grazing at the same time. At Isabel Marant, crystal fringe options and sculptural styles upped the ante on 80s redux. Miu Miu served up sparkly teardrop-shaped hoops that literally met their matches in the form of diamanté collar necklaces. Naturally, houses like Maison Margiela and Balenciaga went the edgier mismatched route, while Alberta Ferretti’s offerings were mystical and opulent, punctuated by pearls. It was a feast for the eyes — and ears, of course.

Miu Miu Fall 2017 shoulder duster earrings

Miu Miu Fall 2017; Image: Imaxtree

Sure, statement-making earrings are hardly new, but for the holidays, brands are going to great lengths, literally, to get your attention. Everyone from Mango to Anthropologie has shoulder duster offerings that fill the void between your ears and your clavicle — or just about. The best part is, they work just as well with a sleek turtleneck as they do with more revealing ready-to-wear, so you need only slip on a pair for an instant outfit-making effect. Yes, please.

If you’re up for taking your jewelry game to the next level, click through the slideshow below. With everything from mixed metals to 3-D florals on tap this season, you’re sure to find your perfect pair of shoulder duster earrings.

[ Next: Signet Rings Get the Official Street Style Stamp of Approval ]

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Top Benefits of Using a Software Consultancy Rather than a Programmer

No matter what kind of business you own and operate, without the proper technology tools it can be next to impossible to reach that next level in business. In fact, your current software and technology may be impeding your company’s ability to operate properly and thereby affect how satisfied your customers and clients are. At this point, many companies find themselves in the position of needing…

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